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default. august 2 is the big day and president obama is urging compromise in congress. he spoke to the nation last night and he criticized the republicans. >> a significant number of republicans in congress are insisting on a different approach, a cuts only approach, an approach that doesn't ask the wealthiest americans or biggest corporations to contribute anything at all. >> but gop leaders say the president is the one who is refusing to budge. >> the president wanted a plank check six months ago. and he wants a blank check today. this is just not going to happen. >> republicans are pushing to raise the debt limit enough to last for the rest of the year and then a joint committee would tackle a second increase and more spending cuts but mr. obama says he will veto any plans to raise the debt ceiling if it comes in two waves. he supports a plan by majority leader harry reid to raise the limit to 2012. >>> breaking news out of morocco. a state news agency says a c- 130 plane has crashed in a mountainous area there. there are reports that 26 people have been killed, four injured.
is your chance to talk back on one of the big stories of the day. today's question is what would you tell congress to do about the debt limit? carol costello is joining us from washington. carol, i bet you're going to get a lot of folks weighing in on this one. >> i urge all of our facebook friends to keep it clean. that's my only request today. what is happening in washington is political gamesmanship at its worse. it's ugly and more than a little scary. the united states has never gone into default because past administrations and lawmakers have compromised. cnn contributor john avalon says lawmakers have raised the debt ceiling 77 times including 8 tooils times under ronald reagan and back in the day politicians weren't quite so macho. many insist on standing on principal even though most americans stand on the side of good old fashioned compromise. two-thirds of americans want the president and republicans to compromise, rather than stand up for their beliefs to get things done. wow. a break from part is anship. perhaps the happiest outcome of the president's speech last night was whe
investigateth. >>> the idea of a multifunctional i.d. card could get a big push from the oakland city council. the card could help with several issues, including identification for undocumented immigrants and also act as a debit card for the needy. however, implementing that debit card has been a problem. so they may put that on hold see the rest of the program can go forward. >>> there's controversy on the rule of trash crans -- trash cans in atherton. the city council narrowly approved a law which gives residents 24 hours to move their cans into place and another 24 hours to remove them. the rule comes about complaints about people who leave their cans on the street all of the time. some said problem should be resolved by just calling those who hibachily do that -- habitually do that. >>> the nfl lockout is over. kraig debro is live where the facilities are just opening up to players. good morning, kraig. >> reporter: maureen, players are getting here just now. i don't know who that player is. he rolled in. he was very excited. he did a little dance for us in the front seat of his car. we s
planet. >> you hear about alternatives, right? wind, solar, algae. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: much talk, but little movement: the high-stakes debt and deficit impasse continued today, and last night's dueling primetime speeches by president obama and speaker boehner only seemed to reinforce the bitter stalemate over raising the country's borrowing limit. newshour congressional correspondent kwame holman begins our coverage. >> reporter: it was house speaker john boehner who had the last word
to that. what i was thinking about today, in one sense, no. it doesn't matter which plan. a big investor think both plans are really band-aid plans and none of them deal significantly with what i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a downgrade. it is unsure whether that would happen. the reid plan, even though a lot of the parts of that are seen by many as gimmicks, probably would pass that hurdle and you wouldn't get that immediate downgrade. that's an interesting distinction. >> stand by for a moment. i want to bring back kate and jessica. there is a harry reid plan and a john boehner plan. given the stakes involved, why not have these two gentle
procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it and i object to it and i expect an appropriate amount of time to consider whatever plan comes >> with titles like "slander," and coulter has something to say. now, your chance to talk to the best-selling author. in death, for three hours starting at noon on both tv. >> the former u.s. comptroller general david walker of the nation pose a growing debt and budget deficit challenges. from "washington journal,", this is 30 minutes. the former u.s. comptroller general and now founder and ceo of the comeback american initiative, david walker print a good morning. forve said it is a bad idea the congress and president to flirt, so to speak, with the august 2nd deadline of hitting a possible debt default. what do you think is going on right now and are concerned there is not a deal in place yet? guest: i am concerned. if everybody is true to their
. and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without precedent in my lifetime or yours. the united st
really big changes. we were there when he finally deliver the constitution. i think it was the 18th of june, and indeed he has really gone a long way relatively speaking when you are thinking of all the other monarchies in the arab world, toward beginning to share power. a couple of things are worth noting. he has committed himself to appointing a prime minister from the party that wins elections even if it is opposition or whoever it is. that is extraordinary when you think of what is going on in the other monarchies in the arab world. he has given the parliament much more power to enact laws, propose bills and enact laws. the prime minister is much longer. he is beginning to share security issues with a national security council that has civilians on it. so he is definitely beginning to move. exactly how this new constitution, how it will work out we don't know but at least he is beginning to move and king of morocco is way ahead of all the monarchs in the arab world. now i just want to finish on the development issue, and talk a little bit about the economic problems of egypt and
son would have killed himself rather than slaughter dozens of people. >>> bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! >>> the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs out of money and unable to pay its bills. in washington a stark message is delivered between the president and the speaker of the house. their parties are desperately divided and you and i are about to pay the price. we are covering all of the angles from wall street to the white house. ali velshi getting really creative and looking at the cost americans could face even before time officially runs out. of course, dan lothian with the politics and the posturing. ali, let's start with you. the markets open this hour, okay? how is the debt issue going to impact things today and the rest of the week? i know yesterday, you kept saying give me a little more time and i'll let you know when to worry but how many times can we say that? we are not worried yet. we are wat
is it the big question of default and whether or not it would indeed have to happen? weigh in, you can see what other folks are saying there, we'll check back in on that survey in a little while. let's go for a moment to the state of alabama where educators are raising concerns about the state's new immigration law. the people who run the school district are complaining that following that law may put them at risk of losing federal funding. jonathan serrie has that story live from atlanta. >> reporter: sponsors of the new law say it's going to give alabama taxpayers an accurate assessment of just how much they pay each year to support public services, including education for illegal immigrants. but some public school officials say it places them in an uncomfortable position. some alabama educators fear the state's new law cracking down on illegal immigration could jeopardize millions of dollars of federal funding for public schools. at issue is one provision requiring schools to report the number of undocumented students they enroll. phoenix city school superintendent larry dechera says it's eu
at the white house that there shouldn't be another vote. that should wait until 2013. is that the big stumbling block right now? >>> senator reid said he clearly does not agree with boehner's approach. >> there are similarities, though.. >> some of the spending cuts, not all. both have this congressional committee that's going to be charge the with trying to identify deficit reduction. you can see how there could be conner tos. eric cantor, speaker boehner, other republican leaders have said frequently through this whole process, they do not think we should extend the debt ceiling. what we need to do is come together, compromise, get us through this period of imminent price sis where we don't want the country to default and then let's move on first of all to focus on the economy and jobs, but finish the job of deficit reduction in months ahead. the speaker of the house john boehner and the president are having very, very, i think, productive discussions about areas of potential common ground and we hope some of that work will provide the foundation for what congress does down the road here. >>
is it about the american people or one big re-election campaign? we report, you decide. >> meanwhile, the united states government arming a mexican drug cartel for war? and when people said hey, this doesn't smell right, a brand new report says that's when the cover-up began. yes, the cover-up, brian. >> yes, a grandmother confronted by a naked intruder. >> again? >> not in my house! >> be strong. there's always a way to protect yourself. use it! >> but this crook picked on the wrong lady. "fox & friends" the right show for you because we start right now. >> come on in, folks and welcome to our tuesday telecast. we have lots to talk about because the president of the united states and the speaker of the house last night decided it was time to go in front of the american public to make their case. >> again? as brian just said about the other story, again? >> right. >> how many times do we have to have a press conference to try to figure out what the hell to do with our debt? it's one press conference after another and i think the american people are getting darned tired of it. >>
's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. >> i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. >> reporter: enough people did, presumably supporters as well as opponents, that the speaker's web site crashed along with those of a couple of other republicans and at least one democrat. republicans say the president wants a long-term debt ceiling hike to keep it out of his re-election bid. democrats say the bond rating agencies want a long-term hike. a short-term one, they say, would risk a downgrade of this country's credit rating, and that would hike credit interest rates on everyone. jon: the overwhelming number of calls coming into senate offices are urging members to oppose the president's call for tax increases, so we'll see. wendall goler, thank you. jenna: for more on this developing story, we're joined by a congressman who says both sides are responsible for the mess we're in. congressman bill pascal of new jerse
's also about whether or not the big rating agencies decide to downgrade the stellar aaa credit rating of this country. even if that happens, this is why it matters to you. let's start with your home. most people's biggest investment, what is likely going to happen in the case of default certainly and even in a downgrade is your mortgage rate is going to go up. experts say this isn't just a temporary issue. mortgage rates will go up for a significantly long period of time. that's going to affect you, more houses sit on the market, prices fall further. this hurts the already weak housing market. let's transition to college. your college loan, your savings for college. similar story. the interest rate on private college loans is going to go up, it's going to be harder for folks to necessarily get credit if credit starts to freeze. the only sort of silver lining to this is that a lot of people do have their student loans lined up for at least the next term. it also affects your car. if you have a car payment, and it's very similar to your mortgage payment, when you talk about your car, in
of the big package. we think that estimate was given in 2009 and the authors of the estimate think that its low, and we are very concerned that it's going to be much higher than that and we will continue to get much higher than that. and obviously the collection the states and governments that rely on the revenue, but those folks in those little towns across the country that are trying to make a living selling to the people in their community that have an automatic six to 8% price disadvantage simply because the truck is driving out hundred and of packages is having a devastating effect on small and medium-size retailers. i get we too many telephone calls from the country that are in their view being killed by that price differential. >> he raises the point some of the leading proponents of applying the sales tax online or wal-mart and target national retailers who have also been blamed by small retailers for price pressures and that sort of thing. how would you respond to that? >> they are major proponents of this, but they are not alone. i spend a lot of time talking to the after market a
the bigger the government, the smaller the people. right now we've got a government so big and so expensive it's sapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy jobs. the president is adamant that we cannot make fundamental changes to our entitlement programs. as the father of two daughters i know the programs won't be there for them unless significant action is taken now. >> the political wrangling. both obama and boehner were trying to get th
nothing would do. now, after we have restored some confidence here by this big step of doing nothing, we could do another half of nothing and put people back to work. now, how could we do half of nothing and put people back to work? president obama has adopted this cockamamie republican idea of a social security tax holiday putting people to work. i know a lot of families that could use an extra 20 bucks a week, but them spending 20 bucks a week for food on the tape table, doesn't put people back to work. if you are unemployed, you don't get the 20 bucks. we are borrowing $120 billion to do that under the guise this is creating jobs. and the president last night mentioned he wants to create jobs. guess what? it's not working. we do half a nothing. we allow the social security tax holiday to expire. doesn't create any jobs. we don't borrow the $110 billion from china to put in the social security trust fund. instead, we borrow $110 billion to put people back to work in private sector jobs. we resolve to begin to rebuild our crumbling infrastructure. $110 billion applied to the 150,000 bri
senate procedure, the regular order but have attempted to solve this big problem in secret, behind closed doors with just a few people. i believe that is contrary to the historical understanding of the role of congress and i'm not happy about it, i oppose it a i object to it and i expect an appropriate amount of time to consider whatever plan comes ded women like them guard these hallowed halls. mr. president, some of those dedicated police officers stood guard saturday and sunday as we worked to reach an agreement to avert a default on our national debt. leaders from both parties were here throughout the weekend. differences still separate our two sides but work toward an agreement continues. this afternoon, i will put on the floor a proposal to -- that i hope will break that impasse. this legislation would put to rest the specter of default. it would cut $2.7 trillion from the deficit over the next decade. it would not raise any new revenue or make any cuts to medicare, medicaid or social security. all the cuts included in this package have previously been supported by republicans. the
for the future? any big events? a >> absolutely. i think the biggest thing right now is just getting through the european and american tour. this is a big deal for me. it's really just spreading my wings and taking my music to the world. and when i get done with the american tour, i go back home for another tour in south africa. so a very busy year ahead. i'm shooting my second dvd. and it's really in the next five years just to see how far i can take my music in the world. >> we wish you luck in doing that and wish you luck in filling the kennedy center on thursday. is it an evening performance? >> it is, indeed. and again, it's such feel-good music, such beautiful, authentic music. i think if you can, please come through. it's a wonderful experience. >> lira, thank you so much. that's lira from south africa. thanks very much for coming. >>> it's now 11:27. coming up, the postal service is considering closing more than one in ten of its retail outlets. what that means for post offices in your area. >>> plus, tom kierein lets us know when the extreme heat and humidity will return. >>> and sh
and they count on washington, not always to take care of everything but take care of the big things like making sure we don't default on our obligations. he needed to talk to the american people, to those americans who haven't been paying close attention where this stands and why it is so important and why the risk is there that if congress doesn't act and we believe it will, something that has never happened before in our history could happen and it would be very bad indeed. that's why he had to address the country and why he wanted to explain to them his view, that compromise is so necessary. >> one other quick thing. i think on cbs radio this morn dan pfeiffer said if congress does not act by august 2nd this could lead to a depression. is this your position, that we might have a depression in america? >> depression, what i know, what, economic experts have said is that, and again, republican and democrat, jim baker, ronald reagan, all sorts, have said that a default on our obligations would produce an economic calamity. how that, how you demean that obviously depend on how long it lasts and
should we allow our tax dollars to buy chinese solar panels? makes no sense to me. >> how about your big ridge? tell us about that. [laughter] >> it does seem as if, if anything, the politics, as dynamic as it might be. i certainly agree on that. might be going in the opposite direction. i'm talking presidential politics, the bloomberg breakfast the other day in which it seems as if the clinical strategy of the administration is to avoid a discussion of jobs to the unemployment rate at all. but let's talk about some of the specifics if we can. maybe patrick ewing talk a little bit about in more detail about the china trade issue, the environment for getting comfortable with china -- tougher with china. >> i'm a member of the u.s.-china economic review commission. this is a bipartisan congressional think tank on china. we've issued a number of reports, almost all have been unanimous, republicans and democrats seen it in exactly the right. i'm a member of the commission. i'm not speaking for the commission at this thing. our website is -- everything we do is up there. let me just quickly g
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're well protected with their big purse, they could use them as shields to cover themselves. >> other ways to stay safe, be alert of your surroundings, report anyone acting suspicious, and if possible, shop with a friend. there may be more victims out there who haven't come forward yet. if you know anything about this bizarre stabbing spree. you're asked to contact fairfax county police. jim, back to you. >> john, thank you. >>> we have a developing story on capitol hill. david woo is stepping down on the heels of sex allegations. >> last week allegations that woo forced himself on an associate's 18-year-old daughter, today under increasing pressure from democratic lawmakers, he announced his resignation. he doesn't want to become a distraction from the important work taking place on the hill. >> reporter: he's the second democrat to step down in the last few weeks. this comes after anthony weiner resigned. >>> three d.c. counsel members are calling on harry thomas, jr. to step down. >> he's accused of diverting $300,000 in city dollars, meant for youth programs and spending that on cars,
is paying everything and republicans continue to protect big business and the rich, which makes no sense. he put medicare, medicaid, and sells a security on the table. the republicans did not put anything on the table. it is their way or the highway. they want him to fail. that is what this is all about, they want obama to fail so that they can get reelected and put in the same thing that got us into this in the first place. war, and funded, and paid mandates like -- unpaid mandates like bush did with the medicaid plan. this is ridiculous. host: a republican in new york, massachusetts. caller: i have been following this debate very closely. it sounds like it is smoke and mirrors. it is taking credit for winding down the war in afghanistan and iraq and not really cutting the deficit. we're boring 40 cents on the dollar for every dollar that we spend in washington. and we cannot keep doing this. one thing i like to see is the repeal of obamacare. that alone would save us $2.5 trillion in the next 10 years. as far as the reid plan, i like to see him get it through the senate. i did not think t
the super rich, wall street corporations, big oil, that seems to be more important than the united states government and preventing the united states government from defaulting on our debts. and let me just remind those who want to cut medicare and dismantle medicare, that's basically what they want to do, medicare recipients did not create the national debt and that is unconscionable to even talk about balancing the budget or paying down the debt on the backs of our most vulnerable populations, including those who are facing living in poverty. and let me remind our republican colleagues again that the congressional black caucus under the leadership of chairman cleaver, congresswoman christensen, congressman bobby scott, already offered a budget answered mentioned it earlier, that would save $5.7 trillion from the deficit, protect our most vulnerable communities and would have ensured the stability of medicare, medicaid and social security and our budget was balanced. so the country's not broke am. we know how we got here. two wars, these massive tax cuts for the very wealthy, wall street
? >> there is a potential connection in the sense that if the u.s. were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate, is that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quite risk-averse. and one of the reasons we're going through a soft patch, it's not the only reason, one of the reasons is this uncertainty. and what is triggering is risk aversion on the part of businesses and consumers. so already in a sense they're anticipating or worried about what migh
trix and cocoa puffs can help. general mills big g has the only leading line of kid cereals with at least eight grams of whole grain and a good source of calcium. look for the white check on the cereals they already love... like cinnamon toast crunch and lucky charms. help them grow up strong with general mills kid cereals. ♪ >> live, local, late-breaking, this is wbal-tv 11 news today. >> good morning, everybody. welcome back. i am stan stovall. >> i am lisa robinson. thank you for joining us this morning. >> the state is getting in a little better. -- each day is getting in a little better. it was so humidity yesterday. it got hot quickly. a cold front came in. that prevented from getting extremely hot yesterday afternoon. how much less humidity it will be today. 73 is the current temperature. 96% is the humidity. the humidity will drop this afternoon. we'll have mostly sunny skies. it will be pretty pleasant afternoon, especially for the end of july. the heat could be back by the end of the week in. >> we have accidents we are tracking. one in dundalk and one in churchv
was in the embassy. as i walked down the hall, all the pictures of all the former presidents with a very large, big smile with who? mubarak. they're all in. they just put out a new book, the 'em was si put out a -- embassy put out a new book. president obama's on the cover, and it shows all the previous people, republican and democrat, who have been with this administration. so a lot of the fault lies here, and we'll see what the spine is with this congress when these issues are offered because i think there's a lot of blame right here in river city by republicans and democrats. the coptic christians and, frankly, i don't want to see the coptic christians leave egypt. egypt and the middle east without christians will not be the middle east. and for too long people up here and in the previous administration have been reluctant to advocate for people who are being persecuted because they're christians whether it be in afghanistan, pakistan or egypt. and the two questions that i have, how many connections have there been -- convictions have there been over the last several years, do you have any -- an
Search Results 0 to 41 of about 42 (some duplicates have been removed)